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FPT first-quarter pre-tax profits climb by 46.6 percent
The Corporation of Financing and Promoting Technology (FPT) on April 11 announced a pre-tax profit of 303 billion VND (18.9 million USD) in the first quarter of the year, a year-on-year increase of 46.6 percent.
The software and services accounted for 63.6 percent of the figure with 193 billion VND.
Deputy Chairman of the FPT board Bui Quang Ngoc said: “We will continue to focus on software and services this year as its earning potential is undeniable.”
FPT has also inked a 3.5 million USD contract with US-based Agilis Solution to export software to the United States .
The corporation earned 4.3 trillion VND (274.5 million USD) in revenue in the first three months of the year, an increase of 58.9 percent against the corresponding period last year.
It plans to attain profit of 1.4 trillion VND (90.68 million USD) for the entire year on revenue of 18.4 trillion VND (1.15 billion USD).
Ngoc also announced that FPT Commercial Bank would receive its operating licence next week, an effective channel for the corporation to mobilize money for future endeavours.
“We’re considering whether to buy back shares later in the year as we intend to offer shares to staff as a reward for their hard work,” he added. “But, it might be one or the other, because it’s hard to do both.”
During the FPT stockholders meeting last week, the corporation revealed it will pay a dividend of 36 percent in cash to stockholders at their request.
VNA
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